#CyberQuote 
The knock-on effect of a data breach can be devastating for a company. When customers start taking their business- and their money- elsewhere. that can be a real body blow. ~ CHRISTOPHER GRAHAM



AKI INSURANCE INDUSTRY ANNUAL REPORT 2018- FOCUS ON TECHNOLOGY AND FRAUD

Association of Kenya Insurers (AKI) 2018 Insurance Industry Annual Report. The Association of Kenya Insurers (AKI) was established in 1987 as an independent non-profit making consultative and advisory body for insurance industry.

The report covers great economic milestones, regulatory and technological trends and risks that helped shape the face of the insurance sector globally, in Africa, East Africa and Kenya. It also gets to explore the outlook in these regions and delve deeper into the detailed performance of the Kenyan insurance sector. We shall focus mainly on technology specific elements in this report.

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A total of 1.1 Billion has been lost to cybercrime ever since the year began

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Notable Cybersecurity Incidents in the Headlines

Apple iTunes and iCloud for Windows 0-Day Exploited in Ransomware Attacks

The cybercriminal group behind BitPaymer and iEncrypt ransomware attacks has been found exploiting a zero-day vulnerability affecting a little-known component that comes bundled with Apple’s iTunes and iCloud software for Windows to evade antivirus detection.

The vulnerable component in question is the Bonjour updater, a zero-configuration implementation of network communication protocol that works silently in the background and automates various low-level network tasks, including automatically download the future updates for Apple software.

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Detectives arrest seven SIM card fraudsters in Nairobi

Detectives have said seven members of the ‘Mulot Team’ are being held in police custody for defrauding members of the public through M-Shwari.

The seven were arrested on Tuesday night in two separate houses in Kabete, Kiambu county.

More than 200 SIM cards, several phones and several agent registrations registers were confiscated during the operation.
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PECB signs a partnership agreement with Salaam Technology Ltd

October 7, 2019 – PECB, the leading education and training service provider on ISO standards, has recently announced a strategic partnership with Salaam Technology to offer its customers the best practices of ISO standards in Kenya.

“Salaam Technology has a sophisticated, well-built enterprise platform that aligns with our innovative ISO standards,” said Eric Lachapelle, CEO of PECB.  “We anticipate both systems to benefit from our aligned strategies to solve important issues for our customers, and within the industry. Following the availability of Salaam Technology, we will be able to leverage the same cost advantages for developing turnkey business solutions that integrate into backend systems using ISO standards,” concluded Lachapelle.

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